Hancock Holding Company is a bank holding company that, as of December 31, 2002, operated 102 banking offices and 140 automated teller machines (ATMs) in the states of Mississippi and Louisiana. The Company operates through two wholly owned bank subsidiaries, Hancock Bank, Gulfport, Mississippi (Hancock Bank MS), and Hancock Bank of Louisiana, Baton Rouge, Louisiana (Hancock Bank LA) (collectively, the Banks). The Banks are community-oriented and focus primarily on offering commercial, consumer and mortgage loans and deposit services to individuals and small to middle market businesses in their respective market areas. As of December 31, 2002, Hancock Holding had total assets of $3.97 billion.